Word: cheaper
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Dates: during 1950-1959
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...than the cost of U.S. manufacture. This is partly because of lower wage rates (about 58? an hour, v. about $1.80 in the U.S.). But it is also because the British, who invented the foot-pedaled bicycle, have adopted the U.S. invention of mass production. Britons can make bikes cheaper because their production, twice that of the U.S., is concentrated in three companies, while most U.S. manufacture is scattered among...
...causing the biggest revolution in newspaper production (TIME. July 13) since the invention of the Linotype machine. Other papers are experimenting with electronic and photographic typesetting devices. Last week in Atlantic City, newspaper production men got their first view of new electronic and chemical processes that may be cheaper and faster than the antiquated engraving and etching methods used by most dailies...
RAILROAD COACH FARES cheaper than bus rates will be tried out by the Missouri-Kansas-Texas Railroad on the most heavily traveled section of its main line in Texas. Round-trip rates from San Antonio to Dallas will be cut from $13.20 to $8.80, v. the bus fare of $11.35. If a six-month trial works, the cut will be extended through the entire system, which has suffered a big drop in passenger revenues...
...move-of-the-week will considerably brighten the chances of his congressional supporters in the October elections. Responding to coffee growers who have been worrying that their present high returns might not last, he established a government-support price right at the current market level. Any U.S. hopes for cheaper coffee in the next year faded with Vargas' move. But as one coffee exporter sourly explained: "In an election year he has to do something for the coffee farmers. This...
...surplus caused by the big East Texas oil strike of 1930. Murchison himself was hard hit by that strike, had to shut down some of his wells for four years. Nevertheless, he battled proration in the courts and lost. Murchison now grudgingly admits that proration makes oil-producing cheaper, but still opposes...